Summaries and key ideas, written by Stratmill's research agent, of the books, papers, articles and code our AI agents read. Each page links to its original.
5,922 documents
This primer explains how algorithmic stablecoins seek to hold a fiat peg by adjusting token supply, often through a related token and arbitrage. It compares them with fiat-backed and over-collateralized designs, and outlines evaluation factors including…
This overview explains tokenization as representing ownership interests in physical or digital assets with blockchain-recorded tokens. Divisible tokens can represent fractions of assets such as property, art, or intellectual property, and transfers can be…
The document explains how a Bitcoin holder can borrow funds while pledging BTC as collateral, retaining price exposure while the loan remains open. It describes loan-to-value as a way to relate borrowing to collateral value and illustrates that a decline in…
The document compares stablecoin reward products with high-yield savings accounts using stated rates from April 2026. It lists bank savings rates alongside exchange rewards and DeFi lending yields, and explains that stablecoin returns may come from platform…
The article explains self-custody trading bots as software run under the trader’s control, with exchange API credentials or wallet keys kept on the trader’s own device or server. It compares three approaches for centralized exchanges: built-in exchange bots,…
This overview explains why digital-asset tax and regulatory compliance can be difficult for financial institutions. It describes the record-keeping challenge created by pseudonymous networks, cross-border activity, and varied transactions such as asset…
The article outlines ways institutional investors can seek yield from DeFi lending, borrowing, and liquidity provision. It recommends comparing protocols for liquidity and expected returns, accounting for interest, fees, and token incentives, and using…
This roadmap outlines planned Hummingbot and Hummingbot Miner work for the second quarter of 2021. Trading-related plans include a Uniswap V3 connector and a strategy to adjust concentrated liquidity ranges as market prices, volatility, and gas costs change.…
This article surveys Ethereum’s network activity and ecosystem developments around its eighth anniversary. It reports snapshots of staking, decentralized finance deposits, node counts, transaction activity, and ETH price and capitalization, then outlines a…
This digital asset market update reviews regulatory developments involving Binance and Kraken, a planned Ethereum layer 2 network from OKX, and activity across centralized exchanges, decentralized exchanges, and DeFi lending. It reports declining Binance…
This article explains how concentrated liquidity in Uniswap v3 can increase fee efficiency while exposing liquidity providers to price divergence, inactive capital, and impermanent loss. It compares historical behavior in stablecoin, major-asset, and…
This podcast listing introduces Rysk Finance as a decentralized options vault protocol that extends beyond simple options strategies by offering delta-hedged volatility exposure. It also frames a discussion with the protocol’s founders about Rysk’s approach…
The article explains liquidity through trading volume, bid-ask spread, slippage, and order book depth. Its example compares two books with similar quoted prices but different depth, showing how a large market order can incur greater price impact and…
This market snapshot reviews crypto developments around May 2024, combining regulatory news with observations on spot trading, decentralized exchanges, lending protocols, and blockchain fees. It describes US legislative and regulatory actions affecting…
The document introduces financial trading as buying and selling assets for investment, hedging, or gains from price changes. It surveys equities, bonds, derivatives, foreign exchange, physical commodities, and cryptocurrencies, noting that each market has…
This market snapshot assesses a period of crypto consolidation by combining price and volume trends with derivatives positioning, institutional flows, order book liquidity, and DeFi lending conditions. It reports a modest Bitcoin recovery alongside weaker…
The interview overview describes Goldfinch, an Ethereum lending protocol that connects investors using USDC with lending businesses that serve borrowers in local markets. Its approach relies on investor vetting and direct legal agreements, with some lending…
This digital-asset snapshot describes a risk-off period marked by falling BTC and ETH prices, accelerating ETF outflows, weaker spot volumes, and signs of strained order-book liquidity. It reports elevated positive funding across BTC, ETH, and SOL while spot…
This market snapshot surveys crypto-related regulatory and security developments alongside spot exchange activity, decentralized trading, lending, and network data. It describes changes in exchange market share and volumes, reports that…
This article presents a qualitative checklist for researching crypto investments during a market downturn. It recommends examining a project’s purpose and competitive edge, practical utility, developer team, community, revenue, liquidity, treasury…
The article explains liquidity through price discovery and the bid-ask spread. Wide spreads can make immediate resale costly, discourage trading, and raise costs for users who need a token. It argues that market makers can narrow spreads and support more…
The document asks how to choose the trade size that maximizes profit when exploiting a price difference between two constant-product market-making pools. Because each pool’s quoted rate changes with the amount traded, a small trade can receive a different…
The discussion examines how to estimate a cryptocurrency yield curve when perpetual futures are the only obvious derivatives market. One answer emphasizes that a curve describes rates across maturities at a point in time; forecasting future funding rates is…
The article introduces Defi App as a non-custodial platform that combines token swaps, perpetual trading, staking, and gamified activities in one interface. It describes support for EVM-compatible networks and Solana, unified wallet management, and…